PIF

PIF has contributed more than $342bn to Saudi Arabia’s real non-oil GDP between 2021 and 2025

EV maker launches a sweeping operational reset centred on cost cuts and execution after reporting a 56 per cent jump in second-quarter revenue.

Saudi Arabia’s Public Investment Fund will end funding for LIV Golf after the 2026 season, forcing the breakaway league to seek new investors and raising fresh questions over its long-term viability

Kingdom Holding Company, chaired by Prince Alwaleed bin Talal, said the acquisition reflects its strategy to expand into high-growth sectors with long-term economic and social value, in line with Saudi Arabia’s Vision 2030 diversification agenda

PIF has also expanded its global footprint with offices across North America, Europe and Asia, while maintaining strong credit ratings from major agencies.

The planned fund will focus on providing private capital solutions to corporates and offering asset based lending in Saudi Arabia and MENA region

Projects in focus now include infrastructure for World Expo 2030 and the 2034 World Cup, the sprawling $60bn Diriyah mixed-use cultural zone and the Qiddiya tourism megaproject

The new funds will target Saudi systematic active equities and MENA fixed income, and will be available to both local and global investors

PIF and Aramco will combine their artificial intelligence (AI) programmes and work jointly through HUMAIN

Muhammad Ovais Yousuf has spoken to Gulf Business in an interview just a day after Riyadh Air announced its inaugural test flight to London